Federal Register: CFTC Approves Revisions to Proposed Reg AT
The CFTC approved a supplemental proposal to proposed Regulation Automated Trading ("AT"). Comments on the proposal are due on or before January 24, 2017.
As previously reported, under the revised proposal an algorithmic trading firm ("AT Firm") would be required to register with the CFTC if it trades on average 20,000 futures contracts a day over a six-month period. This revised threshold would capture about 50 new firms. The proposal allows the CFTC to obtain access to an AT Firm's source code upon approval by a majority of the CFTC members and using the CFTC Division of Market Oversight's special call process.
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